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Skysong, Inc.issued 3,800 7%, 5-year, $1,000 bonds dated January 1, 2022, at face value. Interest is paid each January 1. (a) Prepare the journal entry
Skysong, Inc.issued 3,800 7%, 5-year, $1,000 bonds dated January 1, 2022, at face value. Interest is paid each January 1.
(a)
Prepare the journal entry to record the sale of these bonds on January 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
Jan. 1 | enter an account title for the journal entry on January 1 | enter a debit amount | enter a credit amount |
enter an account title for the journal entry on January 1 | enter a debit amount | enter a credit amount |
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